TOPIC 12: ACCOUNTS OF NON-PROFIT MAKING ORGANIZATIONS Accounting of Non-Profit Making Organizations Preparation of Statement of Affairs Prepare statements of…
Browsing: Book Keeping
TOPIC 11: INCOMPLETE RECORDS Incomplete Records Statements Showing Profit or Loss From Incomplete Records Draw up statements to show profit…
TOPIC 10: CONTROL ACCOUNT Control Account Control Account from Subsidiary Records Construct control account from subsidiary records Definition: A control account…
TOPIC 9: MANUFACTURING ACCOUNT Manufacturing Account One of the tool to analyse the effects of business transaction is by using…
TOPIC 8: BALANCE SHEET (CLASSIFIED) Balance Sheet (Classified) Meaning of Each Asset and Liability Classification Appearing on a Balance Sheet…
TOPIC 7: FINANCIAL STATEMENTS The preparation of financial statement is very important to business owners and the government. However these…
TOPIC 6: BAD DEBTS Bad Debts Suppose that you are the owner of a business and you owe someone. What…
TOPIC 5: DEPRECIATION Depreciation If an asset id used for more than one year, it should be capitalized. Assets accounts…
TOPIC 4: CAPITAL EXPENDITURE AND REVENUE EXPENDITURE Capital Expenditure and Revenue Expenditure Meaning of Capital Expenditure and Revenue Expenditure Give…
TOPIC 3: ADJUSTMENTS When a transaction is started in one accounting period and finished in a later period, an adjusting journal entry is required…
